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Swave Photonics raised €27M ($28.27M) in a Series A funding round co-led by imec.xpand and SFPIM Relaunch to advance its Holographic eXtended Reality platform.

PRIVATEJan 03, 2025

Amount Raised

€27 Million

Round Type

Series A

LeuvenManufacturing

Investors

LuminateIAG Capital PartnersSfpimMurata Electronics North America, Inc.Murata Electronics North AmericaEIC FundQbic FundPmvImecImec.XpandSfpim Relaunch

Description

Swave Photonics has successfully closed a €27M Series A funding round, which will facilitate the development of its innovative holographic display products. This investment will help accelerate product introductions aimed at enhancing AI-powered augmented reality experiences.

Quick answer

Swave raised €27 Million in a Series A round, dated January 3, 2025. Investors: Luminate, IAG Capital Partners, Sfpim, Murata Electronics North America, Inc., Murata Electronics North America, EIC Fund, Qbic Fund and Pmv. Swave is based in Leuven, Flemish Brabant, Belgium.

How much did Swave raise?
Swave raised €27 Million in a Series A round on January 3, 2025.
Who invested in Swave?
Luminate, IAG Capital Partners, Sfpim, Murata Electronics North America, Inc., Murata Electronics North America, EIC Fund, Qbic Fund and Pmv are named as investors in this round.
What does Swave do?
Swave Photonics is a fabless semiconductor company that designs and markets holographic chips based on proprietary diffractive photonics technology.
Where is Swave based and how big is it?
Swave is based in Leuven, Flemish Brabant, Belgium.
Who are the decision-makers at Swave?
Fundz holds 2 contacts at Swave. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing around the same time

Companies in the same sectors as Swave that raised within 45 days of this round, from Fundz verified event records.

  • FLIT raised $1.5M (Seed) on February 17, 2025.
  • Banksia Minerals Processing raised $1.1M (Seed) on February 17, 2025.
  • Solitario Diamonds raised $3.6M on February 17, 2025.
  • HYDGEN raised $1.5M (Seed) on February 17, 2025.
  • Raincheck Earth raised $1.2M (Pre-Series A) on February 14, 2025.
  • Accure Battery Intelligence raised $16M (Series B) on February 13, 2025.

Who to call at Swave, and when

A new round usually means Swave is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Swave

Location

Leuven, Flemish Brabant, Belgium

About

Swave Photonics is a fabless semiconductor company that designs and markets holographic chips based on proprietary diffractive photonics technology. Its mission is to bring the metaverse to life and enable display manufacturers and content creators to disrupt the visualization market with immersive, ultra-high-resolution, lifelike, true holographic displays. Swave envisions a world where holographic displays give everyone the power to visualize the impossible, collaborate and accomplish more.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Swave raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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